SS:
The article highlights that a common critique of India’s growth in the past decades which is that it was being overestimated and the new revision highlights that this argument wasn’t entirely incorrect.
This shows the importance of greater transparency for accurately measuring economic data and how easy it is to even unintentionally manipulate numbers and how much global trade and policy can often run on flawed statistics.
Connect_Visit5516 on
GDP will end at 3.93 trillion dollars by this financial year end and if the trend continues it will surpass Japan by 2027 middle or the end.
Post covid growth has been more in the manufacturing side and rural area consumption.
Urban consumption is stagnant instead of increasing year by year. Govt need to do something about it.
If this continues modi will win 2029 elections and become 4th time PM easily coz its rural areas that decide elections and modi has been the best for them
Govt is still struggling to collect the informal data idk what to say at this point lol. Even currently they have used the larger enterprises among informal sector to adjust for the underestimaton in surveys. They themselves acknowledge that. Oh well this is better than expected
2 Comments
SS:
The article highlights that a common critique of India’s growth in the past decades which is that it was being overestimated and the new revision highlights that this argument wasn’t entirely incorrect.
This shows the importance of greater transparency for accurately measuring economic data and how easy it is to even unintentionally manipulate numbers and how much global trade and policy can often run on flawed statistics.
GDP will end at 3.93 trillion dollars by this financial year end and if the trend continues it will surpass Japan by 2027 middle or the end.
Post covid growth has been more in the manufacturing side and rural area consumption.
Urban consumption is stagnant instead of increasing year by year. Govt need to do something about it.
If this continues modi will win 2029 elections and become 4th time PM easily coz its rural areas that decide elections and modi has been the best for them
Govt is still struggling to collect the informal data idk what to say at this point lol. Even currently they have used the larger enterprises among informal sector to adjust for the underestimaton in surveys. They themselves acknowledge that. Oh well this is better than expected